Stanford's Trail of Tears

Brokers fared best in R. Allen Stanford's alleged scam.

R. ALLEN STANFORD WAS TRACKED DOWN IN VIRGINIA last week, by FBI agents who served him with papers in a civil fraud suit filed by the Securities and Exchange Commission.

The agency suspects that the financier ran a massive Ponzi scheme through Antigua-based Stanford International Bank, which sold about $8 billion worth of certificates of deposit offering lofty interest rates. These were...